Thursday, May 22, 2014

Bharatiya Mahila Bank included in second schedule to RBI Act

.......Post inclusion in the second schedule or commercial bank category, the lender becomes eligible for loans from RBI on bank rate and also acquires membership of clearing houses. Also, it provides that any activity of the bank would not adversely affect the interests of depositors. The Reserve Bank in a notification today said, ". The name of Bharatiya Mahila Bank Limited has been included in the Second Schedule to the Reserve Bank of India Act, 1934.".............

No comments: